Sterling drops to 1.3320 as the GBP/USD pair extends its three-day slide, retreating further from recent highs amid a broader recovery in the US dollar.
The GBP/USD pair is experiencing a sustained downward trend, marking its third consecutive day of losses as it retreats from the 1.3420 resistance level reached last week. This decline to the 1.3320 area is primarily driven by a strengthening US dollar, which has pressured the pair since it peaked on September 16.
The pair is currently in a short-term downtrend, having declined for three consecutive days from its recent high of 1.3420.
The pair is currently testing support near the 1.3320 level after retreating from its September 16 peak.
The British Pound retreats against the US Dollar for the third consecutive session, falling to a one-week low near 1.3320. This decline marks a continued pullback from the 1.3420 level reached last week, as a strengthening greenback weighs on the pair.
The pair is declining due to a strengthening US dollar, which has pressured the British Pound for three consecutive trading sessions.